Form 4: Terawulf CTO Gifts 180K Shares to Charity

Terawulf Inc.'s Chief Technology Officer and Director, Nazar M. Khan, reported a gift of 180,000 common shares to a charitable organization.

Summary

• Nazar M. Khan, Terawulf Inc.'s Chief Technology Officer and Director, made a gift of 180,000 shares of common stock.
• The transaction occurred on December 22, 2025.
• The shares were gifted to a charitable organization.
• Following the transaction, Khan directly beneficially owns 14,324,023 shares.
• Khan also indirectly beneficially owns 11,703,745 shares through Lake Harriet Holdings LLC (7,269,019 shares), various trusts (4,019,787 shares), and Yaqeen I Trust (414,939 shares).

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the charitable nature of the gift, which can reflect positively on the executive and the company's broader values, despite a reduction in direct insider holdings.

Positives

• The gift to a charitable organization demonstrates philanthropic activity by a key executive, which can reflect positively on the individual and potentially the company's broader values.

Negatives

• The transaction represents a reduction in the direct beneficial ownership of common stock by a key insider.

Management Comments

• On December 22, 2025, the Reporting Person made a gift of 180,000 shares of common stock to a charitable organization.

Industry Context

This Form 4 filing reports a routine insider transaction, specifically a charitable gift of shares by a key executive. Such transactions are common and generally do not reflect broader industry trends or competitive positioning, but rather personal financial planning or philanthropic activities of the individual.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the shares were gifted to a charitable organization rather than sold into the open market for cash.
• Public Perception: The charitable nature of the gift may contribute to a positive public perception of the executive and, by extension, the company.

Key Dates

Keywords

Terawulf Inc., WULF, Nazar M. Khan, Insider Transaction, Stock Gift, Charitable Donation, CTO, Director